Page 107 - Towards_a_New_Malaysia_The_2018_Election_and_Its_6146371_(z-lib.org)
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92                                               Johan Saravanamuttu

                  second only to Facebook, but its earnings declined some 30 per cent by 2018.
                  Its latest available audit, for 2014, showed that FGV was RM6 billion in the
                     13
                  red.  Other calculations have put FGV’s accumulated losses at RM8.7 billion
                  (Malaysiakini 2017b). FELDA voters proved to be a crucial factor as by some
                  calculations, BN lost 27 of the 53–54 FELDA-area seats in GE14 (Pakiam
                  2018). Added to this were a plethora of China-funded megaprojects, such
                  as the East Coast Rail Link, which involved a loan of RM55 billion from
                  China’s Exim bank, and projects linked to ports, property developments, and
                  industrial parks, which Mahathir and the PH exploited to a maximum degree
                  as surrendering Malaysia’s sovereignty to China (Saravanamuttu 2017).  is
                  foreign policy ‘turn’ of high dependence and cosiness towards China was also
                  linked to a purported bailout by the Asian superpower of Najib’s 1MDB debt.
                     On the PH side, a pledge to hand over power to Anwar after a transitional
                  period under Mahathir can be viewed as bandwagoning on the reform agendas
                  of PKR and DAP.  e plan underlined the need for continuity with the
                  reform agendas originally set out by the ‘Reformasi generation’, reforms which
                  resonated with new voters. (Arguably PAS had also bene ted from a path-
                  dependent legacy of reform, as evidenced by its strong performance in Malay-
                  belt states.) Growing disenchantment with Najib and UMNO, especially in
                  the urbanised west coast states, compensated for the fact that PH had poorer
                  resources and party machinery than BN. Najib’s purported collusion with PAS
                  and his willingness to cooperate with the Islamic party’s leader on RUU355
                  to facilitate hudud legislation lent credence to suspicions of a surreptitious
                  UMNO–PAS pact that would have hurt BN’s consociational politics if made
                  public. UMNO’s peninsular partners, Parti Gerakan Rakyat Malaysia (the
                  Malaysian People’s Movement Party, Gerakan), MCA, and MIC, su ered
                  the consequences of these developments. In the end, BN’s popular votes
                  plummeted to an historic low of 34 per cent, indicative of the electorate’s
                  rejection of BN’s non-Malay parties.
                      e next sections will expand on the theme of continuity in change at
                  the state level of contestation.  e continuity in the major swing away from
                  BN since 2008, alluded to earlier, only occurred in full measure in 2018. I
                  will attempt to show how the rupture of BN hegemony played out di erently
                  across regions. Overall, I argue that in the west-coast states, the fragmentation
                  of Malay votes bene ted PH, not BN and even less so PAS. My hypothesis is
                  that despite PAS’s not being in PH, voters considered PAS to be in opposition
                  to BN rather than to PH.  us two opposition groups drastically eroded  BN’s
                  vote share.  is idea helps explain the comprehensive vote swing against  BN in
                  all states, by suggesting that PAS voters added to a nationwide anti-BN swing.






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